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May 31, 2022 | Properties

Real estate market in Egypt: Statistics

Real estate market in Egypt: Statistics | Properties Egypt #3286 - 1 image

What is the real estate market like in Egypt?Let's look at a general view of the real estate market in Egypt, where those wishing to buy residential properties express in preparation to pay a premium of up to 45% to acquire a property in one of the communities that provide amenities and luxury, especially those located in the new development areas. Although the price per square meter exceeds 18 thousand pounds in such places, compared to an average of 14.5 thousand at the level of Greater Cairo, the demand for luxury housing has become a milestone for the real estate market in Egypt, and its luster is not expected to fade in the foreseeable future.The real estate sector represents about one-fifth of the GDP of the economy in Egypt, and is witnessing a steady growth, supported by the increase in the population of two million people annually, as well as the movement of movement from the countryside to the cities at a rate of 2% annually.These factors boost the demand for residential real estate in the real estate market in Egypt, especially the capital, Cairo, which has expanded over the past decades. Today, the residential centers in the Egyptian capital include the traditional downtown Cairo area, and in its east, New Cairo and Shorouk City, up to the new administrative capital under construction. It also includes the existing West Cairo area and the West Cairo extension area under development. The new areas are considered the largest source of the supply of housing units.The statistics of the most important real estate consultancy companies determine the size of the real estate market in Egypt, specifically housing properties at the level of Greater Cairo at 7.1 million housing units, and it is expected to rise to 7.6 million units by 2025.It is worth noting that 20% of the additional units are of the luxury category known as "Lux", specifically in the two areas of New Cairo to the east, especially the Fifth Settlement, and west of Cairo, where the ci...

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May 27, 2022 | Discussions

How much does house cost in Egypt?

How much does house cost in Egypt? | Discussions Egypt #3177 - 1 image

How much does the average house cost in Egypt?Houses are the most important component in the real estate market in any country in the world, and certainly in the Egyptian real estate market, the search for houses is the most in demand because Egypt is one of the most famous countries with a huge housing population, especially in its capital, “Cairo.” In addition, Egypt is a country open to Visitors from all over the world: For tourism: Egypt is one of the most desirable countries for tourism globally, thanks to the unique and amazing Pharaonic monuments in Egypt. For work: Egypt is a dynamic country and the commercial and economic movement is constantly developing, and the large population of Egypt opens the way for many job opportunities as well, especially for foreign companies and recent investments in the real estate market, tourism, trade and industry. For study: Egypt is a country that is famous for its high level of education in its universities, especially the ancient and ancient universities that everyone goes to for religious, historical and archaeological sciences. All of these factors are attracting more people to search for a house  to settle in Egypt, and the laws of Egypt allow foreigners to own real estate, and therefore the search for a house  to reside in Egypt is very popular among Egyptian citizens and residents of other nationalities in Egypt, and it is natural for everyone to ask: How much does the average house cost in Egypt?One of the important features in the Egyptian real estate market is that the cost of the average house in Egypt is suitable for different social groups from low-income, middle-income and rich people.Egypt is also characterized by the presence of laws that allow real estate financing for the purchase of houses, as many banks give loans with comfortable repayment to help people with the cost of the average house in Egypt.Another advantage in the Egyptian real estate market is competition. The growth of ...

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May 31, 2022 | Directory

- What should I invest in Egypt?

- What should I invest in Egypt? | Directory Egypt #3282 - 1 image

What should I invest in Egypt?The Egyptian real estate market is an important name on the real estate investment map in the region, and the Egyptian real estate market is considered one of the strongest sectors for investment because it is characterized by its economic strength, ensuring its profits, and also quickly recovering from any emergency conditions.When you ask: What should I invest in Egypt? You are asking about a wide sector of fields, including simple ways to invest, and some huge investments. Let us take an idea of some ways to invest in Egypt:Invest in Egypt - the simplest form of real estate investment:You can choose to invest in Egypt to ensure a stable source of income from offering your property for rent that most individuals resort to, as the possibility of investing in the real estate field, which is one of the easy models, as when you offer your apartment for rent to individuals or companies, you will be able to find and guarantee a monthly income; constant and cyclical.Invest in Egypt - Real Estate Management with the Purpose of Profiting from Investment:The administration needs maintenance and development operations, as the investor remains safe from the mortgage crises that afflicted the world, and is converted into important investment opportunities, through the management of real estate and improving its revenues, and there are companies specialized in real estate management, so there is a need for the presence of professional people, where real estate requires Special expertise, knowing the benefits of loans when building, not forgetting the mortgage expenses, at the general local or national level, associated with regulatory risks, and a thorough knowledge of the smallest details.The need for large capital remains, as there are legal arrangements and procedures necessary to bear the burden of regulatory matters from people with experience and confidence, with the possibility of relying on others for real estate investment, by allocating a...

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Jun 03, 2022 | Properties

How much does an apartment in Egypt cost

How much does an apartment in Egypt cost | Properties Egypt #3371 - 1 image

How much does an apartment in Egypt cost?The cost of buying an apartment in Egypt is a very broad topic, because it depends on many factors such as the area of the apartment, its space, its internal specifications, and so on. Egypt is characterized by the fact that it includes many areas in addition to the fact that it has many housing projects, when we talk about: How much does an apartment in Egypt cost? We must define more our goal, to take an idea of the most desirable areas of Cairo for housing:Away from the compounds and projects of the Ministry of Housing, a large sector of citizens is looking for the cheapest housing units, which are less than 500,000 Egyptian pounds, in order to be suitable for their purchasing capabilities, because the lowest unit in any compound has become more than one million Egyptian pounds, and the same applies to housing projects other than housing social.- The price per square meter in Sakiet Makki and Umm El Masryen areas in Giza has reached 2600 to 2800, meaning that the cost of an 80-square-meter apartment ranges between 208 thousand and 224 thousand Egyptian pounds, and these apartments are unfinished with “red bricks.”- The "Al-Haram" and "Faisal" areas are among the most demanded areas for apartments, and the prices of apartments with an area of 85 square meters have reached 250 thousand unfinished in the "Talbeya", "Al Thalatini" and "Marriotia" areas, while the semi-finished apartment has reached 500 One thousand Egyptian pounds in the areas of "Al-Thawra Street" and "Nasr El-Din".In the “Faisal” area, the prices of apartments reach 280,000 unfinished, and up to 300,000 Egyptian pounds, according to the location and floor of the apartment in “Al-Talbeya” and “Al-Koum Al-Akhdar” streets, while they reach 400,000 EGP in “Al-Taawun” Street.- In the “Hadayek Al-Ahram” area in Giza, the pri...

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May 22, 2022 | Properties

- Can foreigners buy property in Egypt?

- Can foreigners buy property in Egypt? | Properties Egypt #3085 - 1 image

Can foreigners buy property in Egypt?Egypt is the first country that opened the door for foreigners to buy property, because Egypt is interested in developing the real estate market and revitalizing the Egyptian economy sector, and because Egypt is one of the most important regions for tourists from all over the world, and the tourism sector is always in need of renewal and supplying the region with huge and foreign investments.In addition, the decision to allow foreigners to buy property in Egypt helps balance the real estate market between supply and demand, and contributes to increasing job opportunities for Egyptian citizens.Egypt allowed foreigners to buy property with ease and through simple and uncomplicated transactions. Through the passport that proves the identity of foreigners, they can own a property, in addition to some conditions such as:1- Foreigners can buy two real estate properties in Egypt as a maximum for ownership.2- Foreigners must adhere to a full area of ​​the two properties that does not exceed eight thousand square meters, and the area of ​​one property must not exceed four thousand square meters.3- Foreigners must adhere to the purpose of real estate when buying property, such as residential or commercial real estate, or for the purpose of investment.4- Foreigners must commit themselves to start implementing their investment in real estate (empty land) in Egypt within a maximum period of five years.5- Foreigners have the right to dispose of real estate ownership in Egypt after five years from the date of the ownership contract registered in their name.6- There are areas prohibited for foreign ownership in Egypt, especially real estate located in areas classified as “heritage or antiquities”, or real estate lands on the state borders, as well as agricultural lands are prohibited for foreign ownership.Do foreigners who buy property in Egypt profit?Of course, if the purchase is for the purpose of investment, you will defin...

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May 27, 2022 | Discussions

Analysis: Real estate market in Egypt

Analysis: Real estate market in Egypt | Discussions Egypt #3179 - 1 image

How is the real estate market in Egypt?The real estate market in Egypt is a broad and multi-field concept, and here we must take a deeper idea about the main points that make up the real estate market in Egypt:1- Real estate is so influential sector for the Egyptian economy, as real estate represents about a "third and a half of a third" of the wealth of Egyptian families from the middle and high-income classes, and even more than that for the low-income class. In addition, indicators of the success of the future of real estate investment in Egypt are witnessing a doubled growth in its revenues at the level of the Egyptian Stock Exchange, as the real estate sector has grown by more than 20 percent recently, and its total contribution to the GDP has exceeded 10 percent.2- The real estate market in Egypt is not a "single homogeneous sector" across the country, as this market is "divided geographically" between Cairo, the coastal areas, and the rest of the regions throughout Egypt. Most discussions about real estate focus on the first and second categories while the rest of the market does not get enough coverage. The real estate market in Egypt can be divided in another way in terms of category, where we find luxury housing, luxury apartments, medium housing and social housing. The last three categories of this division receive less attention, although they are very profitable, and are considered one of the indicators of the success of the future of real estate investment in Egypt, as it is a golden and guaranteed opportunity.3- The real estate market in Egypt is going through a "bubble", as the rate of increase in real estate prices is much higher compared to the rate of increase in construction and finishing costs. These prices feed the investment objectives and not the real demand to move or upgrade. This "bubble" is exacerbated by the sharp decline in the value of the Egyptian pound, where real estate acts as a sto...

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